cancel
Showing results for 
Search instead for 
Did you mean: 

Amex Platinum Pay Over Time Question?

Highlighted
Regular Contributor

Amex Platinum Pay Over Time Question?

I wanted to know how does pay over time look on the credit reports? I have a balance of 1231.52 with a minimum payment due of $355.07 Aug 10th. I plan on paying the whole balance of Friday. But when it reports will it show an overall credit limit with a minimum payment? For example, I have $35,000 pay over time limit. Would that show?
Amex Platinum, Amex Cash Magnet Preferred- $4000, Amex Delta Platinum- $3000, Amex Marriot Bonvoy - $1000, Discover IT- $2600, JetBlue Plus World Elite MasterCard- $9600, Costco Citi- $9600, Capital One QS- $1450, Best Buy Citi Visa- $6000, Capital One GM- $500, Care Credit-$15,000, Merrick Bank- $1000, Paypal Credit- $4000, Amazon Prime Store Card- $6000, PayPal Extras Mastercard- $5000, Bloomingdales Card- $2000, Citi Double- $4200, HSBC Gold- $1200, Wayfair- $2000, Home Depot- $3000

04/04/19 Fico 8 EQ 700 TU 703 EX 706 - FICO 9 EQ 712 TU 707 EX 677- FICO Mortgage EQ 703 TU 716 EX 693
INQ EQ 6 TU 10 EX 16 Utilization EQ 18% TU 18% EX 18%
HSBC Mortgage $116,910 Rate 3.75%
Message 1 of 14
13 REPLIES 13
Highlighted
Moderator

Re: Amex Platinum Pay Over Time Question?

CRs will not display any POT CL. POT is an internal (revolving) feature that is not reported out.
Message 2 of 14
Highlighted
Valued Member

Re: Amex Platinum Pay Over Time Question?

What's said above. It'll only report your on-time payments. Unless AMEX ever decides to change it up. I think it's best to just keep treating it like a charge card and not use POT.

Gardening Starting 10/17/2019


Starting Scores: Equifax 527 Experian 555 Transunion 546
Current Scores: Equifax 645 (FICO 8, July 2, 19) Experian 654 (FICO 8 - Oct 1, 19) Transunion 635 (FICO 8 - Sept 24, 19)


Total CL: $14,500
Message 3 of 14
Highlighted
Moderator

Re: Amex Platinum Pay Over Time Question?


@liqwidzero wrote:
I don't know about that. They sent me mine with my Gold card mailer stating it was $3k.

Assigned POT limits will vary for each individual and per product and not all accountholders get them from the get-go.  However, the OP was asking about POT reportability on the CRAs.  POT [internal] CLs do not report.

Message 4 of 14
Highlighted
Regular Contributor

Re: Amex Platinum Pay Over Time Question?

As a current member of Amex and a POT on my Rose Gold  and Very familair with the CR Monthly , Your Balance if you leave any toward the POT will appear as a Balance on your CR, and will not show a divided Limit with POT , with a PIF balance. Its all in one and never reports your POT Limit! Because its a NSL Tradeline it will not even apply to your UTL %, but will apply to your over all Balance Owed on your CR for all Tradelines. 

 

Message 5 of 14
Highlighted
Valued Contributor

Re: Amex Platinum Pay Over Time Question?


@ironchef wrote:

As a current member of Amex and a POT on my Rose Gold  and Very familair with the CR Monthly , Your Balance if you leave any toward the POT will appear as a Balance on your CR, and will not show a divided Limit with POT , with a PIF balance. Its all in one and never reports your POT Limit! Because its a NSL Tradeline it will not even apply to your UTL %, but will apply to your over all Balance Owed on your CR for all Tradelines. 

 


Thanks for the detailed answer. But I don't follow what you are saying. Would you mind giving a specific example/scenario?

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (11/11/2020): FICO 08 EXP: 747; TU: 762; EQ: 782
2020 Goal Score: 760 across the board


Take the myFICO Fitness Challenge
Message 6 of 14
Highlighted
Established Contributor

Re: Amex Platinum Pay Over Time Question?


@James_A wrote:


Thanks for the detailed answer. But I don't follow what you are saying. Would you mind giving a specific example/scenario?


It's very simple, really. Your credit report will show your entire balance as one number. It's still reported exactly the same as a regular charge card and won't factor in your utilization.

 

If you have 150 in small charges and 1200 in pay over time, they'll report 1350 as your balance. 





Message 7 of 14
Highlighted
Community Leader
Senior Contributor

Re: Amex Platinum Pay Over Time Question?


@ironchef wrote:

As a current member of Amex and a POT on my Rose Gold  and Very familair with the CR Monthly , Your Balance if you leave any toward the POT will appear as a Balance on your CR, and will not show a divided Limit with POT , with a PIF balance. Its all in one and never reports your POT Limit! Because its a NSL Tradeline it will not even apply to your UTL %, but will apply to your over all Balance Owed on your CR for all Tradelines. 

 


The balance will count toward utilization on the three Experian FICO 98 scores. But that's the same as any charge card balance would do.

Message 8 of 14
Highlighted
Moderator

Re: Amex Platinum Pay Over Time Question?

If I can add something that may only apply to PenFed but I had a balance on my PRG (at the time) card that wasn't anything to do with POT it was just my monthly statement had cut and like always I pay off before the due date. 

 

When PenFed was really generous and you could call and speak to an UW I was asked why my PRG card as maxed out.  Not really following this guy I asked for details.  He said that  my PRG card was showing maxed out.  I kindly let him know that it was a charge card and didn't have a preset limit.  He then informed me that on his side he just see the balance and his system shows that I'm using all of my available credit on that particular card.  Thus my $2xx balance was showing as maxed out.  

 

Didn't want to try to explain it to him as he had already informed me he was going to approve the increase I asked for but it was interesting that he sees it from his system different than what I thought was being reported.  I actually thought that there wasn't an utilization reported with charge cards but apparently it does depending on the lender looking at your report.  Nonetheless I got what I wanted but it did make me mindful of how NPSL card *may* appear to lenders.   

Message 9 of 14
Highlighted
Valued Contributor

Re: Amex Platinum Pay Over Time Question?

Sounds to me like that guy needed some training.  It's not hard to tell the difference between a charge card and a maxed out revolver.

Message 10 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.